I require expedited conveyancing in Gloucestershire as I am under pressure to sign on the dotted line in less than 3 weeks. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you have the choice not to do searches although no conveyancer would advise that you don't. With plenty of history conveyancing in Gloucestershire the following are examples of issues that can appear and therefore impact future saleability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Road Schemes,...
How does conveyancing in Gloucestershire differ for new build properties?
Most buyers of new build residence in Gloucestershire approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Gloucestershire typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Gloucestershire or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Gloucestershire in advance of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to grant a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gloucestershire. Conveyancing may be slightly more expensive based on your lender's requirements.
I was recommended by a number of estate agents in Gloucestershire to select a conveyancer on your site. What’s the financial incentive for Estate Agents to promote your site rather than alternative conveyancing organisations?
We don’t give any financial incentive for sending work in our direction. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Our financial adviser has recommended their conveyancing practitioner for the conveyancing in Gloucestershire - Surely it’s easier to just instruct them?
It is worth checking if the estate agent is recommending a conveyancing practitioner or introducing to a conveyancing practitioner. There are plenty of Gloucestershire estate agents who recommend two or three Gloucestershire conveyancing firms purely based on those lawyers offering a great service.